UPDATE 1-Porsche posts strong rise in H1 profit

Newswire

(Adds background, detail) FRANKFURT, Jan 24 (Reuters) - German sportscar maker Porsche AG posted a sharp rise in pre-tax profit in the first half of its fiscal year, once again defying weak economic conditions hitting other automakers. The world's most profitable carmaker said its pre-tax profit in the six months to January 31 had risen 18 percent to 185.1 million euros ($199 million) while revenues were up almost 20 percent to about 2.2 billion euros. Porsche also said in a statement ...

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